1 bedroom flat in Bayswater for sale£450,00050 years lease remained£2,400 service charge per year5th floor and has lift and conciergeCurrent rental amount £1600 per month based on 2016 Tenancy agreement (Yield: %3.87)
Ralph Court, Queensway.
The property is well situated on the 6th floor and easily accessible with lift access. The flat is fairly modern and has ample storage space.The entire building is undergoing refurbishment from a month ago. There is immediate yield to the property if it is intended for Buy To Let as the flat is currently tenanted with a rent of £1600 per month (£370 pw) and the contract has 6 months breaking clause if any potential applicant wants to buy it as a vacant possession; The tenancy started from August 2016.
Excellent transport links via 3 tube stations: Royal Oak, Bayswater and Queen'swayService charge: £2400 annually including hot water24 hours concierge and £50 ground rent (Annually).50 years lease remain and has £70k expense to extend it into plus 90 years (means totally 140 years).